In this Liberty Matters online discussion Peter Boettke of George Mason University examines Israel Kirzner’s insights into the rivalrous nature of competitive behavior and the market process, his analysis of market theory and the operation of the price system, the institutional environment that enables a market economy to realize mutual gains from trade and to continuously discover gains from innovation, and to produce a system characterized by economic growth and wealth creation. Boettke concludes by arguing that Kirzner has done more than nearly any other living modern economist to improve our understanding of competitive behavior and the operation of the price system in a market economy. Boettke is joined in the discussion by Peter G. Klein, professor of entrepreneurship at Baylor University’s Hankamer School of Business, Mario Rizzo, professor of economics at New York University, and Frédéric Sautet, associate professor at The Catholic University of America. Boettke and Sautet are the editors of Liberty Fund’s 10 volume The Collected Works of Israel M. Kirzner. The online version of this discussion can be found here. See the Archive of Liberty Matters.

In this Liberty Matters online discussion Peter Boettke of George Mason University examines Israel Kirzner’s insights into the rivalrous nature of competitive behavior and the market process, his analysis of market theory and the operation of the price system, the institutional environment that enables a market economy to realize mutual gains from trade and to continuously discover gains from innovation, and to produce a system characterized by economic growth and wealth creation. Boettke concludes by arguing that Kirzner has done more than nearly any other living modern economist to improve our understanding of competitive behavior and the operation of the price system in a market economy. Boettke is joined in the discussion by Peter G. Klein, professor of entrepreneurship at Baylor University’s Hankamer School of Business, Mario Rizzo, professor of economics at New York University, and Frédéric Sautet, associate professor at The Catholic University of America. Boettke and Sautet are the editors of Liberty Fund’s 10 volume The Collected Works of Israel M. Kirzner.

Knud Haakonssen, of the Max Weber Center for Advanced Cultural & Social Studies, University of Erfurt, examines the political thought of the German protestant theorist of natural law, Samuel von Pufendorf (1632-1694). Pufendorf was much admired by John Locke, and made important contributions to natural law theory, especially the The Law of Nature and Nations (1672), German constitutional theory, and European history. In the immediate aftermath of the Thirty Years War (1618-48) Pufendorf appealed to educated Europeans using arguments derived from natural law and his study of history “to live sociably,” i.e. people had to be brought to see that this was the necessary requirement for their chance of leading whatever life they wished to pursue. Knud Haakonssen is joined in the discussion by Aaron Garrett from Boston University, Ian Hunter from the Institute for Advanced Studies in the Humanities at the University of Queensland, and Michael Zuckert from the University of Notre Dame. See the Archive of "Liberty Matters".

The Best of the OLL No. 74: John Millar, “Circumstances which tend to increase the power of the Sovereign” (1771) (Indianapolis: Liberty Fund, 2017).

This is part of The OLL Reader: An Anthology of the Best of the OLL which is a collection of some of the most important material in the OLL. It is a chapter from John Millar’s The Origin of the Distinction of Ranks (1771) in which he discusses how a modern monarchy emerges and is soon confronted by “persons of inferior rank” who challenge the monarch’s privileges. A thematic list of material in the OLL Reader is available here.

It is not well known that classical liberal thought has had a strong tradition within it of thinking about “class”, namely the idea that one group of people live off the labor and taxes of another group of people. In this discussion David Hart, the Director of Liberty Fund’s Online Library of Liberty, explores this “other tradition” of thinking about class which can be traced back to the 17th century and which was was taken up again by Murray Rothbard in the 1950s and 1960s in what he describes as the “Rothbardian synthesis” of classical liberal class analysis, Austrian economics, and New Left class analysis. He provides a brief survey of its history, examines some of the key concepts within this tradition, and raises some problems which contemporary scholars need to explore further, in particular the theoretical coherence and usefulness of the “Rothbardian synthesis.” He is joined in the discussion by Gary Chartier, Distinguished Professor of Law and Business Ethics at La Sierra University in Riverside, California; Steve Davies, the education director at the Institute of Economic Affairs in London; Jayme Lemke, a senior research fellow and associate director of academic and student programs at the Mercatus Center at George Mason University; and the independent scholar George H. Smith. See the archive of Liberty Matters.

The Origins of Contemporary France: The Ancien Regime, trans. John Durant (New York: Henry Holt and Company, 1876).

The Origins of Contemporary France: The Modern Regime, vol. II, trans. John Durand (New York: Henry Holt and Company, 1894).

Hippolyte Taine’s 5 part history of modern France, The Origins of Contemporary France, in 6 volumes. They are The Old Regime (1875); The Revolution, vol. 1 Anarchy (1878); The Revolution, vol. 2 The Jacobin Conquest (1881); The Revolution, vol. 3 The Revolutionary Government (1883); and The Modern Regime, in 2 volumes (1890-93).

Institutes of Divine Jurisprudence. With Selections from Foundations of the Law of Nature and Nations. Edited, Translated, and with an Introduction by Thomas Ahnert (Indianapolis: Liberty Fund, 2011).